Update on Martha InesThe Mujeres Unidas [Women United] Communal Bank meets every two weeks in Jipijapa, the canton known as the Sultana of Coffee due to its extensive cultivation of coffee with an incomparable flavor. It is also known for its cuisine and the warmth of its people.
It is here that Martha lives. She is 45 years old, is married, and has two children from that relationship who are already grown and studying at the university. Her husband is a dental technician.
Martha is a housewife who took the loan so that her husband could use it for materials for his work and so that she could use it for her business. She makes a living by selling clothing from a catalogue and her means of selling is door-to-door. She has had her business for more than 10 years, and she likes it because she feels useful and because with her earnings she is able to help her children with the expenses for their studies.
This loan is to buy dental materials and clothing to take advantage of the time in which they sell the most and make the best profit. She has been with the Communal Bank for more than 16 years and likes it because of the help they have always gotten from the Fundación Espoir.
Her dream is that her children will have good professional careers.
En este lugar vive la señora Martha, tiene 45 años de edad, está casada y de esta relación tienen dos hijos los mismos que ya son mayores de edad y estudian en la universidad. Su esposo es técnico dental.
Doña Martha es una ama de casa que realiza el crédito para que su marido lo utilice en materiales para su trabajo y ella en su negocio, ella se dedica a la venta de ropa por catalogo y su forma de venta es puerta a puerta, lleva más de 10 años con su negocio el cual le gusta porque se siente útil y con sus ganancias puede ayudar a sus hijos con los gastos de sus estudios.
Este crédito es para comprar materiales odontológicos y ropa para aprovechar le época que más vende y que mejores ganancias le deja. Lleva más de 16 años en el Banco Comunal y le gusta por la ayuda que siempre les ha brindado la Fundación Espoir.
Su sueño es que sus hijos sean buenos profesionales.
Previous Loan DetailsThe Mujeres Unidas communal bank meets every two weeks in the Jipijapa canton. It is known as the Sultana of Coffee, because of its extensive coffee crops which have an incomparable flavor. It is also known for its cuisine and for the warmth of its people. This is where Martha lives. She is… More from Martha Ines's previous loan »
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Dec 13, 2012
- Feb 1, 2013
- Currency Exchange Loss:
- May 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.